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Canada annual inflation Slowed in October

USDCAD News by Newsroom on 10:03 November 17, 2017 EST
Canada's consumer-price index rose 1.4% on a year-over-year basis in October, Statistics Canada said on Friday, following a 1.6% advance in September.

The figure was inline with expectations.

In comparison with the previous month of September prices rose 0.1%.

Gasoline prices rose 6.5% in October annualised, a significant increase but much lower than the previous month's 14.1% advance.

The Bank of Canada has raised interest rates twicethis year and said that while less monetary stimulus will be needed moving forward, it will be cautious in increasing rates again.

The Canadian dollar was seen lower against the greenback following the data.